• Tiago launch and EV surge: Tata Motors launched the new-generation Tiago across petrol, CNG, and EV powertrains—priced starting at ₹4.69 lakh for ICE and ₹6.99 lakh for EV—with EV bookings surging 2 to 2.5 times amid rising fuel prices.
• Input cost pressures: Raw material and commodity costs increased by 5% to 5.5% of revenue over the past 12 months, making price hikes imminent despite ongoing internal cost-reduction efforts.
• Flex-fuel roadmap: Tata Motors plans to launch a flex-fuel vehicle by early next year and is aligning with government and oil marketing companies to establish infrastructure for ethanol blends beyond E20.
• Growth drivers and risks: Business tailwinds include an aggressive product launch pipeline, continued GST momentum, and rising personal disposable income, while major headwinds include fuel price inflation and macroeconomic risks stemming from the West Asia crisis.